Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

When a lot of tenants are involved, you want to provide as many options as possible.

@Venecia BaezThe action plan for real estate investing involves setting clear goals, assessing finances, choosing a market, building a network, understanding numbers, starting small, and learning from experience.

@Claude Diehl Selling a Solo 401(k)-owned property with owner financing is legal but involves compliance considerations.

In any market that you're looking into from OOS, it's very important to work with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.

Simplified Approval Process - SB 9 requires ministerial approval for eligible projects, meaning they bypass discretionary reviews that often involve lengthy public hearings and bureaucratic red tape.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Get a damage restoration company involved.

Are you involved in the tenant placement process?

The BRRRR strategy is doable for a newer investor, but it requires a lot of effort, consistency, and hands-on involvement—it's not exactly a passive way to invest.Whichever route you choose, if you're taking on the bulk of the work to analyze deals and select the best ones, it’s important to ensure your partnership reflects the time and energy you’re putting in.